SG Americas Securities LLC reduces its equity position in Adtalem Global Education Inc. (NYSE:ATGE)


SG Americas Securities LLC reduced its position in Adtalem Global Education Inc. (NYSE:ATGEGet a rating) by 57.8% in the 1st quarter, HoldingsChannel reports. The fund held 22,765 shares of the company after selling 31,177 shares during the quarter. SG Americas Securities LLC’s holdings in Adtalem Global Education were worth $676,000 when it last filed with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently increased or reduced their stakes in ATGE. Allspring Global Investments Holdings LLC bought a new position in shares of Adtalem Global Education in the fourth quarter for a value of approximately $632,000. New Jersey State Joint Pension Fund D bought a new position in Adtalem Global Education in Q4 for $2,712,000. Yousif Capital Management LLC acquired a new stake in Adtalem Global Education in Q4 valued at $1,342,000. Qube Research & Technologies Ltd acquired a new stake in Adtalem Global Education during the fourth quarter, valued at approximately $304,000. Finally, Davy Global Fund Management Ltd increased its position in shares of Adtalem Global Education by 4.7% in the fourth quarter. Davy Global Fund Management Ltd now owns 11,808 shares in the company valued at $349,000 after acquiring an additional 534 shares last quarter. Institutional investors hold 98.59% of the company’s shares.

Adtalem Global Education share performance

NYSE:ATGE opened at $39.87 on Wednesday. The stock has a 50-day moving average price of $35.68 and a 200-day moving average price of $30.59. The company has a current ratio of 1.94, a quick ratio of 1.94 and a debt ratio of 0.82. Adtalem Global Education Inc. has a 12 month minimum of $19.14 and a 12 month maximum of $40.60. The stock has a market capitalization of $1.80 billion, a P/E ratio of 6.17, a P/E/G ratio of 0.59 and a beta of 1.02.

Adtalem Global Education (NYSE:ATGEGet a rating) last released its quarterly earnings data on Thursday, May 5. The company reported earnings per share (EPS) of $0.87 for the quarter, beating the consensus estimate of $0.82 by $0.05. Adtalem Global Education achieved a net margin of 23.34% and a return on equity of 10.99%. The company posted revenue of $365.60 million for the quarter, compared to $360.34 million expected by analysts. In the same quarter last year, the company posted earnings per share of $0.72. The company’s revenue for the quarter increased 30.2% compared to the same quarter last year. Equity research analysts expect Adtalem Global Education Inc. to post EPS of 3.25 for the current fiscal year.

Insiders place their bets

Separately, SVP James Raymond Bartholomew sold 2,380 shares of the company in a transaction dated Friday, May 20. The stock was sold at an average price of $31.65, for a total transaction of $75,327.00. Following the completion of the transaction, the senior vice president now owns 2,343 shares of the company, valued at $74,155.95. The sale was disclosed in an SEC filing, available at the SEC website. In other Adtalem Global Education news, Director William V. Krehbiel acquired 10,000 shares in a transaction on Tuesday, June 14. The shares were acquired at an average price of $31.67 per share, for a total transaction of $316,700.00. Following the completion of the transaction, the director now directly owns 10,000 shares of the company, valued at $316,700. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available via this hyperlink. Additionally, SVP James Raymond Bartholomew sold 2,380 shares of the company in a trade dated Friday, May 20. The stock was sold at an average price of $31.65, for a total transaction of $75,327.00. Following the completion of the sale, the senior vice president now owns 2,343 shares of the company, valued at $74,155.95. Disclosure of this sale can be found here. Company insiders hold 2.75% of the company’s stock.

About Adtalem Global Education

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Adtalem Global Education Inc provides workforce solutions worldwide. It operates through two segments, Medical and Healthcare; and Financial Services. The Medical and Healthcare segment offers degree and non-degree programs in the medical and healthcare post-secondary education sector. This segment operates Chamberlain University, American University of the Caribbean School of Medicine, Ross University School of Medicine and Ross University School of Veterinary Medicine.

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Want to see what other hedge funds hold ATGE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Adtalem Global Education Inc. (NYSE:ATGEGet a rating).

Institutional ownership by quarter for Adtalem Global Education (NYSE:ATGE)



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